February 3, 2003 Commercial Real Estate Direct Staff ReportThe New York State Teachers' Retirement System has appointed Invesco Institutional Inc. to take over Cabot Partners Inc.'s position as an adviser in the system's Industrial Real Estate Investment Program.Invesco gets a ...
January 7, 2003 Nashville (Tenn.) Business JournalNASHVILLE, Tenn. – Covenant Capital Group LLC, based in Nashville, has formed an $18 million real estate mezzanine fund for apartment purchases. Covenant Apartment Fund III LP will focus on investments in selected cities ...
January 1, 2003Charlesbank Capital Partners LLC has formed a venture with Winston Hotels (NYSE:WXH) that aims to buy more than $100 million of hotels.Charlesbank, a Boston investment firm, will provide $55.3 million of the venture's initial equity, for an 85 ...
The pension fund wants to establish a co-investment program with First Washington Realty, a company founded by managers of a public REIT that CalPERS acquired last year. First Washington has been managing CalPERS' non-mall retail properties.
The pension fund is separating the duties of its real estate consultant. With its contract with Pension Consulting Alliance set to expire in the spring, CalSTRS will seek firms interested in providing consulting and performance reporting duties.
November 6, 2002 The California State Teachers' Retirement System has hired SSR Realty Advisors to manage a $340 million portfolio of 11 apartment properties.The $97 billion pension plan transferred the portfolio and property management of the assets to SSR Realty ...
October 16, 2002The California Public Employees' Retirement System board of administration has voted to increase its investment allocation to real estate by $1.36 billion to more than $14 billion.Technically, the large pension fund has okayed a move to increase its ...
October 1, 2002 President Bush has asked members of the U.S. Senate and House of Representatives to have a reconciled terrorism insurance bill on his desk by Friday.That would give the Bush administration a full week to consider the bill, ...
September 18, 2002 Fireman's Fund Insurance Co. has hired Insignia/ESG-San Francisco to provide consulting services for its real estate portfolio and to be its exclusive provider of real estate services.The contract covers the insurance giant's portfolio of more than 100 ...
The offering will be backed by debt on about 50 properties. It will be one of very few single-borrower deals over the last year, and will come on the heels of 2002's first single-asset transaction, which Lehman is also handling.
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